Spinneys 1961 Holding Full Year 2024 Earnings: EPS Beats Expectations

Spinneys 1961 Holding (DFM:SPINNEYS) Full Year 2024 Results

Key Financial Results

• Revenue: د.إ3.23b (up 12% from FY 2023).
• Net income: د.إ304.3m (up 19% from FY 2023).
• Profit margin: 9.4% (up from 8.9% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: د.إ0.085 (up from د.إ0.071 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Spinneys 1961 Holding EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.5%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Retailing industry in Asia.

Performance of the market in United Arab Emirates.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Spinneys 1961 Holding's balance sheet health.

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